Topic
Insurance
Chesterfield Canada sponsors OHL hockey player
October 25, 2010 by Canadian UnderwriterChesterfield Canada Inc. has announced its sponsorship of Ontario Hockey League Player Dalton Smith.Smith is in his second season with the Ottawa 67’s. He has scored 21 goals and added 23 assists for 44 points in 62 games.“What attracted us…
Blogging a great way to build brand loyalty, attract new customers: Social media expert
October 25, 2010 by Canadian UnderwriterOnline blogging is now more important than ever for attracting new clients and building consumer loyalty to a brand, according to Web consultant and journalist Amber MacArthur. MacArthur, who hosts the CP24 television program Web Nation, was speaking on the…
Chesterfield Canada Inc. Ontario Hockey League Sponsorship
October 25, 2010 Chesterfield Canada Inc.Chesterfield Canada Inc., a specialist independent Wholesale Broker, part of the Chesterfield Group, a Lloyd’s broker, today announced their Sponsorship of a second year OHL Player in the Ottawa Hockey League. Mr Dalton Smith is in his second season with…
CEOs, brokers shed light on “the Black Box” of underwriting
October 22, 2010 by Canadian UnderwriterCompanies using predictive models for underwriting may be making it more difficult for the public to understand how their premiums are derived, and thus making it more difficult for brokers to explain the rating process to consumers.CEOs of insurance companies…
Ontario’s insurance regulator needs to get tougher on market misconduct issues: CEOs
October 22, 2010 by Canadian UnderwriterOntario’s insurance regulator needs to get tougher on market misconduct, insurance company CEOs told brokers at the Insurance Brokers Association of Ontario (IBAO)’s 90th Annual Convention in Niagara Falls.Suggestions at the IBAO’s CEO panel discussion included:• a more transparent method…
Trial lawyer puts brokers on E&O notice, citing a higher duty of care after auto reforms
October 22, 2010 by Canadian UnderwriterThe higher standard of care owed by brokers to consumers as a result of the auto reforms will result in trial lawyers suing brokers “big-time” for failing to properly explain optional benefits to their clients, according to Richard Halpern, partner…
Insurers buying brokerages can help to advance the broker channel: Intact CEO
October 22, 2010 by Canadian UnderwriterInsurers should be able to purchase brokerages to ensure the survival of brokerages in the marketplace, argued Louis Gagnon, president of Intact Insurance.Gagnon expressed his controversial view during the CEO Panel at the Insurance Brokers Association of Ontario’s 90th Annual…
B.C. insurance broker association to act as intervenor in privacy complaint about credit scoring and insurance
October 21, 2010 by Canadian UnderwriterThe Insurance Brokers Association of B.C. (IBABC) is acting as an intervenor in the province’s first complaint to the B.C. Privacy Commissioner about the use of credit scoring in an insurance transaction. Currently, it is legal for insurers in B.C.…
Brokers’ Web presence stronger, but still “not where we need to be”: IBAO president
October 21, 2010 by Canadian UnderwriterBrokers still need to develop a much stronger Web presence, although there are signs they are starting to use online tools and resources more frequently, according to Bryan Yetman, president of the Insurance Brokers Association of Ontario (IBAO).Yetman made his…
Ontario PC Party Leader Tim Hudak vows to get tough on auto insurance fraud
October 21, 2010 by Canadian UnderwriterTim Hudak, leader of the Ontario Progressive Conservative Party, has vowed to crack down on fraudsters working in the auto insurance system should he become premier. Hudak addressed the Insurance Brokers Association of Ontario’s 90th Annual Convention in Niagara Falls…
Waivers more likely to reduce exposures in B.C. than in Ontario: B.C. defence counsel
October 21, 2010 by Canadian UnderwriterThe efficacy of waivers in reducing a company’s risk exposure is uneven in Canada, and is more likely to be effective in B.C. than in Ontario, according to Lorne Folick, senior partner at Dolden Wallace Folick LLP.Folick was discussing liquor…
Hagerty now offering collector boat insurance in Canada
October 20, 2010 by Canadian UnderwriterHagerty Classic Marine has expanded its collector boat insurance operations into Canada. Underwritten by Elite Insurance Company (a member of the Aviva Canada group of insurers), the new program is now available in Ontario and will be rolled out over…